New Delhi: Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017. “Softbank has exited Paytm at … Read more
Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of vehicle finance and business loan-focused non-bank lender SK Finance. Without disclosing the reason, Securities and Exchange Board of India (Sebi) said “issuance of observations (has been) kept in abeyance” with regard to the IPO of SK Finance, an updated showed on … Read more
As SME IPOs become a more mainstream asset class for investors, regulators are looking to formalize the market through multiple checks and balances. In one such move, the leading exchange NSE capped the listing price of SME issues at 90%, regardless of the grey market trends. Nephro Care, which had a pre-listing grey market premium … Read more
The primary market is gearing up for another stellar week as three companies launch their initial public offerings (IPOs) to raise just over Rs 2,700 crore this week. The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the … Read more
Shares of Stanley Lifestyles had a strong debut on Dalal Street on Friday, listing at Rs 499 per share on the Bombay Stock Exchange, marking a 35.23% premium over its issue price of Rs 369. On the National Stock Exchange, the stock was listed at Rs 494.95, reflecting a 34.13% premium. Despite the strong listing, … Read more
New Delhi, Allied Blenders and Distillers Ltd, the maker of Officer’s Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro … Read more
The Securities and Exchange Board of India (Sebi) said JM Financial will continue to face restrictions on acting as lead manager for public debt issues until March 31, next year. The regulator’s order on Thursday follows the earlier restrictions it had imposed on the firm through an interim order issued on March 7, which JM … Read more
“Today also I am feeling the same thing that there is a froth in this market, there is a froth in SME, there is a froth in IPO and of course many stocks. The retailer investors, as you say are innocent people, so they should be careful,” says Vijay Kedia, MD, Kedia Securities.What is your … Read more
Solid surface manufacturer Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue … Read more
The initial public offer (IPO) of Magenta Lifecare was subscribed over 300 times so far on the third day of the bidding process. The issue closes today. The strong demand was led by retail investors, whose category was booked over 400 times, followed by NII investors, whose portion received a subscription of over 300 times. … Read more